Nigerian state programs

CCBA gets new home in Port Elizabeth, South Africa

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Coca-Cola Beverages Africa (CCBA), the continental beverage company based in Johannesburg, South Africa has relocated to a new headquarter in Port Elizabeth, South Africa. According to a statement from the company, the facility will house the largest Coca-Cola bottler in Africa, accounting for around 40% of all coke volumes on the continent. CCBA CEO Doug Jackson, said, “CCBA is building a successful Coca-Cola bottler in Africa, which means greater shared value for the business and the communities the region serves, and we are optimistic about the future growth of our business on the continent”. “We aspire to be the best Coca-Cola bottler in the world and Africa’s most valuable independent food and beverage-company, driven by engaged, motivated, and capable employees.” “The opening of a ne

Beta Glass ends year on a high

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Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016. The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year. The growth in profit was helped by a 48% increase in Operating Profit to ₦4.7bn, thanks to improved cost efficiencies and a net finance income that grew 230% to ₦1.1bn from ₦344mn.Powered by WPeMatico

Amarula to launch limited Edition designs in celebration of Africa

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Amarula cream liqueur from the stables of South Africa-based Distell Group will be unveiling limited-edition packaging of its flagship drink to showcase Africa’s cultural diversity. The company said it has partnered with African artists to design four limited edition bottles which will be introduced at this year’s Tax Free World Association (TFWA) Asia Pacific Exhibition & Conference being held in Singapore from 6 -10 May. The Global Travel Retail-exclusive range features designs from South Africa, Nigeria, Kenya and Egypt, each created to encapsulate African fashion, art, sculpture, furniture, textiles and jewelry designs. Distell is also promoting elephant conservation efforts and will release additional limited-edition designs on World Elephant Day, 12 August. The brand hopes to raise g

Police raid illegal brewery in Lagos

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The Lagos State Police Command on Wednesday raided an illegal brewery in the Egbe-Afa, Igbobo area of Ikorodu, where counterfeit malt drinks and stout are produced. A team of investigators from the Lagos State Police Command led by the Commissioner of Police, Imohimi Edgal arrested five suspects. The illegal drinks factory produced malt drinks, stout and Ethanol which is then transferred into trucks through a pumping mechanism, then transported to another location where they are bottled. According to Imohimi, the suspects will face further questioning to determine where the drinks are bottled and sold.Powered by WPeMatico

International Breweries sees higher revenue and earnings growth at year end

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International Breweries Plc (IBPlc) reported a 12% growth in revenue for the nine months to the end of December 2017. Sales grew to ₦36.5bn from ₦32.7bn in the previous year. Cost of sales rose 30% in the period to ₦22.86bn from ₦17.5bn, impacted by a 33% increase in net finance cost to ₦6.9bn. Administrative costs also weighed on the firm’s earnings, rising 117% to ₦4.5bn from ₦2bn in the preceding year. The company recorded a pre-tax loss ₦3.1bn for the nine months to the end of December. But, with a deferred tax liability of ₦4.8bn, net profit grew 38% to ₦1.4bn. International Breweries, which concluded a three-way merger with its sister companies (Intafact Beverages Limited  and Pabod Breweries Limited) in December, had announced earlier in September it would change its financial year-

African governments are having doubts about their staple crop

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That’s not the way out “IT’S what our forefathers used to eat,” says Kennedy Kapami, a Zambian phone salesman, rolling a ball of stiff maize porridge in his fingers. Maize is the staple food in eastern and southern Africa, where in some countries it provides over half of calories consumed. But Mr Kapami is wrong about his forefathers, or at least, his distant ones. Until the 20th century they mostly ate sorghum and millet. Maize came to Africa with the colonists. Governments now fret about its dominance. Portuguese slavers were the first to bring it to Africa. Sometimes the crop took roundabout routes. Swahili-speakers know it as mahindi (of India). Bambara-speakers in Mali call it kaba, after the sacred site in Mecca, from where pilgrims returned with exotic foods. In southern Africa

Israel is determined to stop Iran from establishing bases in Syria

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Vlad, I’m disappointed in you IN THE early hours of April 9th Israeli fighter jets crossed into Lebanese airspace and fired a salvo of cruise missiles eastward. Their target was the T-4 military airbase in central Syria (see map on previous page), not far from the ancient city of Palmyra. More specifically, the missiles were aimed at a hangar in a secluded compound on the west side of the airfield. The building was used by Iran’s expeditionary Quds Force, the foreign wing of its Islamic Revolutionary Guards Corps (IRGC). Russia and Syria both claimed that they detected the Israeli aircraft and the incoming missiles, and that at least some of them were intercepted. But enough of them got through to cause significant damage and kill at least seven Iranian officers, including a colonel. Th

Sierra Leone’s new president has made big promises

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JULIUS MAADA BIO wasted no time before being sworn in as president of Sierra Leone. Just an hour and a half after his narrow election victory was announced on April 4th, Mr Bio took the oath of office, forgoing the state house for a dimly lit room at the Radisson Blu hotel. The unusual circumstances were prompted by security concerns. During a long and tense campaign Mr Bio had accused the All People’s Congress (APC), the party of his opponent, Samura Kamara, of trying to assassinate him. Mr Kamara, for his part, said the vote was rigged. The election was Sierra Leone’s fourth since its civil war ended in 2002. Memories of the brutal 11-year conflict still linger. Tensions based on ethnic, political and regional divisions simmered throughout the campaign, then boiled over when the resul

Donald Trump and his advisers cannot agree on a Syria policy

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BASHAR AL-ASSAD’S chemical attack on the town of Douma on April 7th has been widely condemned. But punishing Syria’s dictator is simpler than devising a coherent Syria policy. If Donald Trump orders a limited bombing campaign on Mr Assad’s palaces and military assets, it will not alter the course of the Syrian war. Thanks to his Iranian and Russian protectors, nothing now can realistically prevent Mr Assad from, in some sense, winning. A retaliatory strike might at least change Mr Assad’s calculus about the use of chemicals as a way to terrorise the resistance. If he concluded, belatedly, that the price he will pay for using banned weapons again has become too high, Mr Trump would be justified in taking some credit. But, in other ways, Mr Trump is sowing confusion about America’s aims i

Emiratis plough millions into a country that no one recognises: Somaliland

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THE ancient port town of Berbera in Somaliland, a breakaway state in northern Somalia, is generally a sleepy place. The heat, which can reach 50 degrees Celsius in the summer, stifles even the dogs. Yet visitors will find it buzzing at the moment. Near the edge of town, sand and rubble fill the space where, until recently, there were 19th-century Ottoman traders’ houses. New buildings are springing up. A little out to sea, as half a dozen ships idle in the sun, a barge from Dubai hauls a colossal crane towards the shore. All of this activity relates to a new port being built by DP World, a company mostly owned by the government of Dubai, part of the United Arab Emirates (UAE). At the moment, Berbera’s port is small—used mostly for the export of livestock to the Persian Gulf, and the imp